At what age do you plan to retire or

[Shawn Braquet]

Originally Posted by irokcj5

My xx% does not include company match. I'm fortunate to work for a fantastic company that, if you put in at least 6%, you get 5% match, then they give us another 4% at end of year (as long as business is good), so 9% company provided, plus my 12% I'm at now = 21%. Wife has part time job at a non-profit, so no savings. As soon as daughter finishes college in may, I'll be able to start saving another grand/mo. since I'm at "catch up" age.

In saving, time is vastly important. starting at a young age is the most important thing to do, that way when you're 52 like me, your money will be working for you. Its the rule of 72. Wish I'd understood that years ago.

No doubt on starting young. I didn't have an opportunity to invest before the age of 25, but my company is similar to yours that they match 4% to my 6% but give me an additional 5% in place of the previous pension so I put in 6% and get 15% put in total. I put in 13% now and have it set up to increase by 1% every year. The past 2 years I've bumped it up an additional % when I got my yearly raise also. I regret not putting in more than 6% early, I believe I started adding to it around 27.